Deutsche Bank > The weakness in the euro is the product of fresh short selling and may, therefore, be short-lived. There are probably also some existing bears who are relieved that the euro is again falling. However, we adhere to our target of 1.4150. The risk limit remains at 1.3725
Db _ The JPY continues to be perceived as most overvalued currency versus the EUR. However, the EUR is now generally seen as less undervalued than yesterday.
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DB _ At its best point, the EUR/USD probably touched its perceived breakeven. The central bank move has, however, pushed the CAD and the AUD to a perceived overvaluation versus the USD.